Q1 2026 ETF Scorecard
Last updated: 18 Apr 2026 · Covers 10 Shariah ETFs across 5 dimensions
The NR Scorecard evaluates each Shariah ETF across five dimensions: Screening Rigour (quality and consistency of the Shariah methodology), Factor Transparency (disclosure of screen-induced factor tilts), Purification Disclosure (clarity and timeliness of purification ratio reporting), Fee Structure (TER competitiveness within the universe), and Portfolio Coverage (breadth of the investable universe). The overall score is a weighted average. Full sub-scores are available to subscribers.
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| Fund | Overall | Sub-scores | Recommendation |
|---|---|---|---|
SP SPUS SP Funds S&P 500 Sharia | 82/100 | Core Hold | |
SP SPSK SP Funds Global Sukuk | 79/100 | Core Hold | |
HL HLAL Wahed FTSE USA Shariah | 75/100 | Core Hold | |
SP SPWO SP Funds S&P World | 73/100 | Core Hold | |
IG IGDA iShares MSCI World Islamic | 71/100 | Watch | |
IS ISDW iShares World Islamic GBP | 71/100 | Watch | |
SP SPTE SP Funds Global Tech | 68/100 | Watch | |
SP SPRE SP Funds Global REIT | 64/100 | Watch | |
UM UMMA Wahed DJ Islamic World | 58/100 | Watch | |
MN MNZL Manzil Halal USA | 44/100 | Avoid |
Scores are Nasiha Research editorial judgements. Not financial advice. Scores updated quarterly.